It’s no secret that our economy has been adding jobs for some time now — so we compiled some data to show you just how well some cities did in 2015.
According to a recent study by CareerBuilder and Economic Modeling Specialists Intl., 27 of the top 50 metropolitan areas in the U.S. (54 percent) outperformed the national average in 2015. This study compared employment growth of America’s top markets to national results to reveal which cities are exceeding expectations – and which are lagging behind.
For example, with a national employment growth average of 2 percent from 2014 to 2015, Dallas should only have been expected to create 67,959 jobs. Instead, the market created 112,829 jobs in that time frame — nearly 45,000 jobs ahead of estimates.
What does this mean to you?
Chances are good you have experienced an increase in competition for quality talent when looking to make your critical hires. This data demonstrates strong job growth across the majority of the nation’s top metros – leading to a more competitive job market, which could be affecting your ability to stand apart from employers hiring for similar positions.
Your ideal candidate may be harder to find than ever before, and all signs point to a job market that will only continue to improve, making it harder to attract in-demand candidates.
Consider building a talent pipeline today for future positions, which has been shown to curb costs associated with time-to-hire and improve the quality of your candidates.